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How to buy Cano Health stock in Canada | $11.43

Own Cano Health shares in just a few minutes.

Cano Health Inc
NYSE: CANO - USD
MEDICAL CARE FACILITIES
$11.06
- $0.37 ( - 3.24%)

Healthcare provider Cano Health went public June 4 through a merger with Jaws Acquisition Corp, a special purpose acquisition company (SPAC), also known as a blank check company.

The company operates as Cano Health and is listed on the New York Stock Exchange as CANO.

How to buy shares in Cano Health

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – CANO – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Is it a good time to buy Cano Health stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Cano Health stock price

Use our graph to track the performance of CANO stocks over time.

Cano Health shares at a glance

Information last updated 2021-10-14.
Latest market close$11.43
52-week range$9.20 - $16.95
50-day moving average $13.19
200-day moving average $12.76
Wall St. target price$19.40
PE ratio N/A
Dividend yield N/A (0%)
Earnings per share (TTM) N/A

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Note: The dollar amounts in the table below are in Canadian dollars.

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Cano Health price performance over time

Historical closes compared with the close of $11.43 from 2021-10-15

1 week (2021-10-11) 6.23%
1 month (2021-09-17) -25.59%
3 months (2021-07-16) 5.44%
6 months (2021-04-16) -14.25%
1 year (2020-10-16) 11.51%
2 years (2019-10-14) N/A
3 years (2018-10-14) N/A
5 years (2016-10-14) N/A

Is Cano Health under- or over-valued?

Valuing Cano Health stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Cano Health's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Cano Health's EBITDA

Cano Health's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $52.4 million.

The EBITDA is a measure of a Cano Health's overall financial performance and is widely used to measure a its profitability.

Cano Health financials

Revenue TTM $644.5 million
Operating margin TTM 5.77%
Gross profit TTM $80.3 million
Return on assets TTM 0%
Return on equity TTM -1689.38%
Profit margin -3.6%
Book value $2.07
Market capitalisation $2 billion

TTM: trailing 12 months

Shorting Cano Health shares

There are currently 21.9 million Cano Health shares held short by investors – that's known as Cano Health's "short interest". This figure is 42% up from 15.4 million last month.

There are a few different ways that this level of interest in shorting Cano Health shares can be evaluated.

Cano Health's "short interest ratio" (SIR)

Cano Health's "short interest ratio" (SIR) is the quantity of Cano Health shares currently shorted divided by the average quantity of Cano Health shares traded daily (recently around 5.1 million). Cano Health's SIR currently stands at 4.33. In other words for every 100,000 Cano Health shares traded daily on the market, roughly 4330 shares are currently held short.

However Cano Health's short interest can also be evaluated against the total number of Cano Health shares, or, against the total number of tradable Cano Health shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Cano Health's short interest could be expressed as 0.13% of the outstanding shares (for every 100,000 Cano Health shares in existence, roughly 130 shares are currently held short) or 0.1814% of the tradable shares (for every 100,000 tradable Cano Health shares, roughly 181 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Cano Health.

Cano Health share dividends

We're not expecting Cano Health to pay a dividend over the next 12 months.

Cano Health overview

Cano Health, Inc. provides primary care medical services to its members in the United States and Puerto Rico. It owns and operates medical centers enabled by CanoPanorama, a proprietary population health management technology-powered platform that provides the healthcare providers at its medical centers with a 360-degree view of their members with actionable insights to improve care decisions and member engagement. The company also operates pharmacies, as well as provides dental services in its medical centers. As of July 2, 2021, it operated 106 owned medical centers and approximately 800 affiliate providers serving approximately 197,000 members. The company was founded in 2009 and is based in Miami, Florida. .

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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